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VTX Industries Ltd. Company History and Annual Growth Details

History of the Company

The Company was incorporated on September 05, 1953. The registered office of
the Company is situated at Puliampatti, (Via) Pollachi, Coimbatore District,
Tamil Nadu, India.

The Company has a history of over five decades, having commenced its spinning
operations in 1957 with an initial capacity of 5,000 spindles. The spindleage was
gradually increased to 15,020 as of 1965. During the period 1965 to 1981, the
Company embarked upon an extensive modernisation programme, increasing its
spindle capacities from 15,020, in 1965 to 40,216 in 1981. The present capacity is
46,004 spindles. The Company established capacities in weaving and processing
facilities in 1995 and 2004 respectively.

The Equity Shares of the Company are listed on the Madras Stock Exchange
since 1957.

Key events and milestones

A chronology of some key events and milestones since the Companys inception
are as follows:

Year Key events, milestones and achievements

1953 Incorporation of Vijayeswari Textiles Limited
1957 Installed 5,000 spindles and commenced spinning operations
1957 Equity Shares listed on the MSE
1984 Increased spinning capacity to 49,972 spindles
1987 Started exports of super fine yarns
1995 Installed 12 looms and commenced weaving operations
1996 Commenced exports of home textiles products
1999 Won the Macys five star vendor award
2000 Won the Macys five star vendor award
2001 Won the Macys five star vendor award
2002 Won the Macys five star vendor award
2002 Acquired Vijayeswari USA LLC as a wholly owned subsidiary
2003 Won the Macys five star vendor award
2003 Acquired Vijayeswari UK Limited as a wholly owned subsidiary
2004 Won the Macys five star vendor award
2004 Commissioned a processing plant at SIPCOT Industrial Growth Centre,
Perundurai, with a capacity of 12,500 metres per day
2005 Recognised as a Two Star Export House by the Joint Director General
of Foreign Trade 2005 Won the Macys five star vendor award for the
seventh consecutive year
2006 GossamerCotton TM launched at the Heimtex Fair, Germany
2006 Increased the processing capacity to 15,000 metres per day


- Vijayeswari Textiles Ltd has informed the Company has appointed Mr. R Ramesh as Chief Financial Officer of the Company w.e.f. June 18, 2009. Consequent to his appointment, Smt. N Padma, Chief Financial Officer of the Company is re-designated as Senior General Manager (Costing & Inventory).


- Vijayeswari Textiles Ltd has has appointed Sri. VVSSB Shankar as Chief Executive Officer of the Company with effect from April 19, 2010.
Oct 21, 12:00 am
Oct 21, 4:14 pm
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